Project Management

5 Steps of the Procurement Lifecycle [Video]

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A blog that looks at all aspects of project and program finances from budgets, estimating and accounting to getting a pay rise and managing contracts. Written by Elizabeth Harrin from RebelsGuideToPM.com.

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Categories: procurement


There are 5 steps in the procurement lifecycle:

  1. Requirements
  2. Vendor selection
  3. Negotiation and contracting
  4. Service delivery and performance monitoring
  5. Renewal/contract closure.

This video outlines the steps and talks specifically about the requirements and getting the procurement off to a good start by understanding what you need from the exercise.

Read more articles about procurement.


Posted on: April 24, 2019 09:00 AM | Permalink

Comments (8)

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SHADAV MOHAMMAD ANSARI PMO| ITC INFOTECH INDIA PVT. Ltd. New Delhi, Delhi, India
Very useful and Interesting Video. Thanks for sharing it.

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Alok Priyadarshi Project Manager| Tata Consulting Engineers Limited Jamshedpur, Jharkhand, India
Very nicely presented and explained.
Thanks a lot Elizabeth!!

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Amitabh Pathak Head of Business Operations| BVS Trans Tech India
Thank you for sharing

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Tamer Zeyad Sadiq Assistant Cost Manager| Turner & Townsend Riyadh, Ar Riyad, Saudi Arabia
amazing presentation of procurement management

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Tamer Zeyad Sadiq Assistant Cost Manager| Turner & Townsend Riyadh, Ar Riyad, Saudi Arabia
The most important is meet project requirements!!!!

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Farhad Rezaei Contract Manager| CBRE, Inc Atlanta, Ga, United States
Productive information. I am a professional Contract Manager and I can attest that PMs are involve and provide inputs in all five lifecycle of procurement/contract management. There are detail and specific inputs during each processes in the Contract Management Body of Knowledge (CMBOK).

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Suzi MS United Kingdom
Great share thank you Elizabeth, looking forward to the the next one!

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Pang DX Singapore
Thank you Elizabeth for sharing the knowledge and experience of setting procurement requirements.

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